Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

2.02 economic goods

objective 2.02

TermDefinition
Capital goods Manufactures or constructed items that are used in the production of goods and services
consumer goods and services Products produced for personal consumption
consumers people who use goods and services the economic process or activity of using goods and services
convenience products Consumer goods and services purchased fast
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
distribution The economic process or activity by which income is divided among resource owners and producers
economic goods physical objects that are useful scarce and transferable
economic resources The human and natraul resources and capital goods used to produce goods and services
economic services productive acts that are useful scarce and transferable
economic want a desire for something that can only be satisfied by spending money
economics the study of how to meet unlimited competing wants with limited resources
elastic demand A form of demand for products in which changes in price correspond to changes in demand
elasticity An indication of how changes in price will affect changes in the amounts demanded and supplied
equilibrium the point at which the quanity demanded
equipment industrial goods used in the operation of a business but not used in the actual production
excess demand the situation that exists when demand is greater then supply
excess supply the situation that exists when supply is greater then demand
exchange the economic process of trading one good/service for another
factors of production productive resources human and natural resources and capitol goods
goods
Created by: user-2014718
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards